Post Utme Lasu 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Lasu Accounting examination.

Post Utme Lasu 2020 Accounting Objective / Multiple Choice
Question 15 POST_UTME_LASU • 2020 • ACCOUNTING • objective

A company's trial balance showed the following balances: Accounts Payable ₦30,000, Sales Revenue ₦300,000, Cost of Goods Sold ₦200,000, and Common Stock ₦150,000. Prepare the company's income statement.

Answer Options

A. ₦100,000
B. ₦150,000
Correct Answer C. ₦200,000
D. ₦250,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Lasu 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Lasu Accounting examination.

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